According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.

Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at GBp 268, shows. Nevertheless, the stock seems in an oversold situation, near to its GBp 261.7 support in daily data. This level might stop the bearish trend in the short term.

Therefore, the proximity of the GBp 261.7 support is an opportunity to take a long position on MITIE Group. The first goal is a return in the GBp 278.4 pivot point. A stop loss order can be placed under the support currently tested.